.'^-cu-i^^ 


[  House.  ] 

j^MIilISrJ3MEi^T. 

Strike  out  the  second  section  of  the  bill  and  insert  the  following  : 

1  •Sec.  2.  The  Secretary  of  the  Treasury  is  hereby  authorized 

■I  to  issue  notes  of  the    Confederate    States  of  denominations  not 

3  less  than  five  dollars  to  an  amount  not  exceeding  millions 

4  dollars,  in  any  one  month  during  the  continuiince  of  the  present 

5  war,  if   said  war  sh:ill  not  continue  longer  than  two  years  from 
()  the  passage   of  this  bill ;  which  notes  shall  bo  a  leg;\l  tender  in 

7  the   payment  of  all  debts   hereafter  contracted,  unless   otherwise 

8  expressly  agreed  in  writing  between  the  parti:-,  contracting  ;  and 

9  which  notes  shall  bo  receivable  in  piyment  of  all  public  dues  ex- 

10  cept  the  export  duty  on    cotton  ;   and    shall  bo  fundable    at  the 

1 1  pleasure  of  the  holder  in  bonds  of  the  Confedcrato.  States,  hnving 
\1  not  more  than  forty  years  to   run  from  the  date  thereof,  bearing 

13  interest  at  the  rate  of  three  per  cent,   per  iinnum.  payable  somi- 

14  annually  at   the  treasury    in  gold  or  silver   or   th>ir  equivalent; 
\b  which  bonds  may  be  redeeme.l  at    any  time   by  the  government 

16  after  twenty  years  from    the    date  thereof,  in    gold  and  silver  or 

17  their  equivalent. 


2 

1  Sec.  3.  The  authority  given  in   the  preceding  section  to  issue 

2  treasury  notes  shall  be  in  lieu  of  all  authority  heretofore  given, 
.'J  except  in  the  issue  of  notes  of  a  less  denomination  than  five  dol- 
4  lars ;  and  the  Secretary  of  the  Trea«ury  shall  issue  bonds  with 
o  interest  coupons  in  which  to  fund  the  same  as  above  specified,  in 
ti  sums  of  not  less  than  one  thousand  dollars  each ;  which  bonds 
7  shall  be  rceonvertible  by  the  holder  at  the  treasury,  at  any  and 
{S  all  times  into  said  legal  tende*  notes  :  but  the  government  shall 
9  have  no  right  to  compel  funding  nor  to  limit  the  time  for  funding. 

10  leaving  that  entirely    at  the   option    of  the  holder    of  the  notes; 

1 1  nor  sliall  the  character  of  the  notes,  herein  authorized  to  be  issued, 

12  be  hereafter  changed  by  legislation. 


